tv FOX News Reporting American Payday -- The Big Squeeze FOX News October 17, 2014 7:00pm-8:01pm PDT
my doctor told me the only way you're catching ebola on an airplane is if you join the mile-high club with an ebola patient on the airplane. thank you for joining me for our "the kelly file" special, ebola in america. welcome to the revolution. >> from the streets of san francisco to the death howl of kentucky coal. >> doing good. obama killed. >> americans are worried about what the future holds. >> i thank the lord for my job every day. >> even in louisiana's bustling oil patch. >> one of the best jobs that i have ever had. >> workers fear that washington is aiming to shut them down. >> you take away the oil industry, going to have people back in the horse and buggy days. >> concern about middle class jobs, it's the issue that may decide this november's election. >> i'm not on the ballot this fall. these policies are on the
ballot. >> right now fox news reporting american payday, the big squeeze. the election is almost upon us. and with the house of representatives firmly in republican hands and the white house of course off the table, everyone's focus is on this side of the u.s. capitol, the u.s. senate. the republican's magic number is a gain of six seats. anything less and democrats remain in control. so both sides are fighting it out in state after state realizing the national implications of those local results. and if there's one issue that's got everyone's attention, it's the economy. president obama recently said that the economy is better than when he first took office. but the public is uneasy. nevertheless democrats have been trying to establish that they're the ones to be trusted with the economy. and over the past year there's a phrase they've been using quite
a bit. >> i believe this is the defining challenge of our time. >> democrats have been talking a lot lately about income inequality. >> there's no greater challenge this country has than income inequality. and we must do something about it. >> this is not an issue that's going to go away. >> concern over the unequal distribution of wealth is becoming a familiar theme in american politics, especially on the left. and democrats hope it will play a major role in this election cycle. >> what we're talking about here income disparity, inequality in recognizing the value of work, can do more to undermine the middle class and therefore undermine our democracy. >> but pegging the election to income inequality might prove tricky for democrats. for one thing, income disparity
tends to be most stark in the places that are run and populated by democrats. we went to nancy pelosi's hometown of san francisco, which as it turns out is a case study in income inequality. and the epicenter of a protest movement over that wealth gap. >> welcome to the revolution. >> reporter: tommy is a local activist and founder of the san francisco housing rights committee. >> the disparity between the people at the top, the top 5% i think is what they measured, versus the rest of us in the city is so wide. and it's growing every moment. >> reporter: he's one of the leaders of a movement that's stg the e conviction of thousands of san franciscons. >> people are being evicted, so we're fighting back. >> reporter: people like claudia, a mother of 2-year-old boy named valentino and teaches at fairmont, a local elementary
school. she moved 16 years ago settling in a largely hispanic neighborhood called the mission. >> i gravitated towards the mission because i'm latina. it's always felt like home to me. it's where i feel accepted. >> reporter: not long ago she was told she had 120 days to vacate the apartment she'd lived in for 14 years. >> i felt fear and depression. i didn't understand why i was being evicted. i always pay my rent on time. i've never had a problem. >> reporter: this being san francisco, even artists like candice roberts have gotten into the act. >> it's my response to what's going on in san francisco right n now. ♪ she's not my city anymore
it's about the working and middle classes being shut out economically from the city that they call home. a lot of my audience they're sympathetic. we're like-minded folks. a lot of them are artists. we're all struggling to be here. >> reporter: many of the displaced know exactly where to lay the blame, on silicon valley. they say its tech workers are bidding up the housing market and changing the face of san francisco. >> san francisco is sold to them as a perk, an added benefit. you can come work in this college-like campus and get to live in this cool, hip city in this cultural neighborhood. >> reporter: founder of the antieviction -- >> it is a class war. it is the replacement of much more dominant ruling class that
happens to be in this city the tech industry. >> reporter: perhaps the greatest symbol of the intrusion of silicon valley, the shuttles. commonly known as google buses. they pick up employees from firms like twitter, yahoo and, yes, google, to carry them to their high-tech campuses miles away in the suburbs. protesters have blocked the buses and even broken windows and slashed tires. some of the activists indicate pretty drastic remedies. >> i consider myself an anticapitalist. i think a lot of people in the housing movement do. >> reporter: however it turns out, the battle in san francisco makes one thing clear income inequality has no political party. after all, san francisco's politics tend to range from center left to far left. and the so-called bad guys in this fight, rich people from silicon valley, are a key
democratic constituency. which suggests that it's not income inequality as an issue itself that will decide who runs the senate in the upcoming elections. rather the very real anxieties about the economy. >> the big issue is not so much the gap between rich and poor. the real issue is upward mobility. there's nothing wrong with rich people get richer, but when rich people get richer and the middle class actually stagnates, that's when there's a problem. >> reporter: joel, professor of urban studies at chapman university whose latest book is the new class conflict sees the divide among democrats in san francisco as part of a broader trend. >> what's ridiculous is what you're doing to our people. >> let those people go to work. >> you're going to see a real conflict in democratic party between the gentry wing and the middle and working class wings. >> reporter: and silicon valley
loaded with money, influence and an insistent green agenda is a significant part of that gentry wing. they regularly meet with politicians, such as democratic senate candidate allison lundergren grimes, seen here at a fundraiser hosted by the progressive women of silicon valley. but grimes is running in kentucky. what's she doing so far away from home? well, she wants to unseat incumbent mitch mcconnell, the most powerful republican in the senate. the gentry democrats want that too. she needs their money and clout. but there is a problem. while their money can help, their agenda can really hurt back home. >> the election this year will hinge largely on energy producing states where there are still some democrats there. and they're having to run in an atmosphere where many people believe that after the election
president obama will sign all sorts of measures that will really go after the energy industry. >> reporter: which brings us to kentucky, an essential seat in the fight over the senate. we'll look into the battle over coal country when we return. s c. his long day of doing it himself starts with back pain... and a choice. take 4 advil in a day or just 2 aleve for all day relief. honey, you did it! baby laughs!
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if republicans gain enough seats in next month's election, kentucky senator mitch mcconnell can become senate majority leader. >> we've got mitch mcconnell with us today. >> reporter: yet even his seat isn't safe. and if he loses to opponent allison lundergren grimes, not only will it be a stunning personal rebuke, may mean the gop won't take the senate. grimes, who comes from one of kentucky's prominent democratic families, came out swinging. >> together we will take this
fight to mitch mcconnell and hold him accountable for his 30 years of failed leadership. >> reporter: meanwhile, mcconnell is giving as good as he gets. >> she's a partisan's partisan. she's been practicing party politics since she learned to talk. >> reporter: and the race will turn to a great extent on the economy. and who can convince voters they'll help the state get through recent tough economic times? there's no place that the struggle to get by is more deeply felt than in harlan county with a population of nearly 29,000, it's in the heart of kentucky's coal country. >> my grandfather worked in the coal mines back in the '20s and '30s. and he owned among others worked hard underground. and they fought for the miners to have good benefits, wages.
>> reporter: frank dixon was a coal miner for 40 years. >> the miners operators, owner, didn't want the union brought in. so they brought people in to kill people, burn homes down, that type of thing. >> reporter: but the miners prevailed. and over the next several decades countless people built a good life for themselves. >> i had everything we wanted. my home, home paid for. it's just life was good. just what people -- hard working people work for. >> i was making about $1,100 a week after taxes and after cuts and everything. i was living comfortably. >> reporter: james walker worked in the mines for 22 years. i had money to take my kids to do what i wanted to do. it was good living. it was nice. >> what we needed plus a lot of extras, blessed. blessed very well.
>> reporter: but in the past few years it all changed. >> i went to work one day and we didn't get to go on the job. we had to go to the office. and so that meant something was up. >> they told us to get our stuff and that was it. there was no more job there. and it hurt bad. >> reporter: almost overnight they went from well-off to wards of the state. >> i averaged $95,000 a year. now i get $308 a month food stamps. i got myself and two boys, that's $75 a week, $25 each to eat on for a week. >> got three girls and a little boy. and i live -- that's my life. >> reporter: though he works the occasional odd job, walker struggles. six months ago he and his family were forced to move in with his
parents. >> you got to do what you got to do to take care of your kids. that's what i'm trying to do. take care of my family. >> reporter: since 2011, some 1,400 mining jobs have been lost in harlan county alone. other businesses dependent on the miners also failed. once thriving harlan county towns, benham, lynch and cumberland have been hollowed out. tony felosi, the director of economic development for harlan county has seen the consequences. >> we have citizens digging through the trash just to eat. they feel like they've been forgotten. and that has a devastating mental effect on the entire population. >> reporter: a significant part of that population, especially the young, abandoned harlan county altogether. >> we had mass exodus.
there's been thousands of people have left harlan that will never come back. >> reporter: over the years this one-time coal miners union stronghold has become steadily more republican. and with the recent uphee value, coal country's democrats may prove the winning difference for senator mcconnell. >> i blame obama. i blame him real bad. before obama ever came around, coal was doing good. obama killed it. >> reporter: though many we spoke to acknowledge there were other factors that contributed to the collapse of coal, the feelings of bitterness are palpable. >> oh, people around here if you mention obama, it's tough. it is -- a lot of people goes to cussing. which i try to stay away from that, but it's how people get
furious. >> i wish he'd step off the face of the earth. wouldn't hurt my feelings none. >> reporter: indeed many in the community feel under siege from this administration. it was president barack obama they say who's green policies led to the epa restrictions on coal-fired power plant emissions that shut down the mines. >> if somebody wants to build a coal-powered plant, they can. it's just that it will bankrupt them. >> he has no idea, no idea, what he's done to this little part of the country. whether he cares or not, i don't know. he's killed us. he's killed this part right here. i'm telling you. it's gone. it's gone. >> reporter: we talked to one of the few miners still working in harlan county. >> i thank the lord for my job every day because there ain't a lot out there. >> reporter: steven adams asked us to pass along a simple message to the president. >> dear mr. president, would you please leave us coal miners alone and let us work and provide for our families? that's the only thing we're
asking for. leave us alone. just let us work. >> reporter: but with the obama administration's recently proposed -- the chance these men might keep their jobs becomes all the more remote. >> when those kick in it's basically going to be the kiss of death. >> reporter: cb bennett is the vice president of cumberland elk horn, coal and coke, a family-owned mining company in harlan, kentucky. >> they made losers out of every coal miner in america. >> reporter: he may believe that washington has made these miners losers, but now it's up to these very same people to pick a winner. that's either mcconnell or grimes. but with the senate up for grabs, the choice is also something bigger. which party's approach to the economy will prevail? we'll look into that when we return. ♪
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with the senate race in full swing, mitch mcconnell and allison grimes have been crisscrossing the state. and the troubled areas of eastern kentucky where people are looking for a candidate who can offer some relief, are a high priority. we were able to catch up with senator mcconnell as he visited one of those communities. he rode in the kentucky mountain laurel festival parade. >> we have a -- created by the obama administration. >> reporter: there's no question who he blames for the problems there. >> the president made it clear during his campaign back in 2008 that he was going after coal. and he's followed through on it. >> reporter: the president has responded to the problems of mcconnell's state. earlier this year he announced a
new economic initiative, spotlighting five communities including one in kentucky. >> your country will help you remake your community on behalf of your kids, family by family, block by block. we call these communities promise zones. >> reporter: the program was sold as a way to re-train unemployed miners and provide seed money for new kinds of jobs. but tony felosi, the director of economic development for harlan county, tells us that more than nine months after the president's announcement his office has yet to see any money from the federal government. >> if president obama does not turn the promise zone into promises kept zones, then you're talking about communities disappearing, people that have been here for four, five, six generations, for 100, 150 years, gone. whole communities gone, whole ways of life, gone. >> it ain't a promise zone. it's a lie zone. the way the coal mining industry
is in harlan county, he's destroyed it. why should anybody believe what he's got to say now? i don't. >> reporter: but what really bothers folks in coal country is what they see as the administration's punitive regulatory regime, indeed far from easing up on regulations the epa has recommended even tougher carbon dioxide restrictions set to go in effect next year. environmentalists applaud the move. the coal industry believes the proposed rules will be devastating. for her part, allison grimes who declined to speak with us despite repeated requests for an interview, has gone out of her way to distance herself from the administration and from the environmental elite of her party. >> i will fight to make sure that coal has a long-term place in our national energy policy. >> reporter: shortly after the administration rolled out its new regulations, grimes laid into president obama in this radio ad. >> your epa is targeting kentucky coal with pie in the sky regulations that are
impossible to achieve. it's clear you have no idea how this effects kentucky. >> reporter: later, grimes famously declined to say whether she even voted for president obama. to joel grimes versus the obama epa represents once again the fight between the two wings of her party. >> the democratic party used to believe in broad based economic growth. now the democratic party is really become more about redistribution while the environmentalists really don't want growth because economic growth is bad for the environment in their minds. >> reporter: while grimes campaigns to separate herself from washington, mitch mcconnell wants to tie the two together. >> a vote for allison grimes is a vote for barack obama. >> reporter: i spoke to the senator recently in washington. >> a vote for mitch mcconnell is a vote for kentucky. >> reporter: but allison grimes painted herself as being a supporter of the coal industry and the jobs it once provided. >> but the most important vote
she'll cast is the first vote she gets there to make harry reid leader of the senate. and harry reid famously said coal makes you sick. >> what will you do if you become majority leader for the coal mining industry? >> in the bill we will seek to restrict their funding so they cannot pursue this crusade. now, if the president feels so strongly about his crusade, he can veto the bill, but at least we're going to challenge him and challenge the epa to go in a different direction. >> how would you characterize the mood in coal towns like harlan? >> they wonder why the administration singled them out for punishment. and all of a sudden they're being targeted to pursue this crusade related to global warming. they're scratching their heads saying why us? why are you picking on us? in eastern kentucky we have a depression thanks to barack
obama. >> in harlan county the voters are making up their minds. some seem willing to give grimes the benefit of the doubt. >> i like what she's going to try to do. she's going for the coal mining industry. she believes in coal mining industry. >> reporter: but many people like donald farmer and cb bennett are deeply suspicious due to her party affiliation. >> she's actually said she's for the coal industry, the coal people, but she can't prove that to me. hogs can fly. that's about anything she says i consider hogs can fly. >> reporter: still, it's not as if mcconnell has closed the deal. there's plenty of suspicion of republicans as well. >> if he wants my vote or a lot of these people's votes here in these mountains, we are going to have to see something visually done. talk's cheap. talk's real cheap. >> he has voted against raising
minimum wage, which would drastically needed during these times of hardship. he's also voted against extending the unemployment benefits for the coal miners that are out of work. >> when people lost their unemployment checks here, they lost something. they lost what was paying their bills. they lost what it was taking to go here and try to find another job. no, no. >> we've been lied to so much, you don't know who to believe anymore. one can say i'm here for the coal mining industry, get votes to get in and then turn their back. we're sick of that. >> republican or democrat, don't care who you are, they need to get off their hind end and get out here and quit fighting over it, quit bickering over it, get out and give us some help is what we need. i'm broke up, beat up, bruised up. they all need help. >> reporter: but if kentucky is a state that seems on a downward
slope, there's a booming state where the political battle is just as lively and where a democratic incumbent looks like she might be in trouble. when we come back, louisiana. you pay your auto insurance premium every month on the dot. you're like the poster child for paying on time. and then one day you tap the bumper of a station wagon. no big deal... until your insurance company jacks up your rates. you freak out. what good is having insurance if you get punished for using it? hey insurance companies, news flash. nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. see car insurance in a whole new light. liberty mutual insurance. right here.innovation starts... with a control pad that can read your handwriting, a wide-screen multimedia center, and a head-up display for enhanced driver focus. all inside a newly redesigned cabin of unrivaled style and comfort.
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>> reporter: kentucky as we have seen is going through some tough times. louisiana on the other hand has enjoyed an unemployment rate generally well below the national average these past few years. but boom or bust economic anxieties over the future of louisiana are playing a central role in what promises to be a barn burner of a senate race. and the winner may not even be known for more than a month after the election. that's because the state has what's called a jungle primary. all the candidates are on the ballot november 4th. and if no one gets a majority, they'll be a runoff between the top two on december 6th.
and right now neither of the two leading candidates, democrat incumbent mary landrieu and republican congressman bill cassidy are polling over 50%. one reason? a second republican is averaging close to 10% in the polls. so there's a decent chance we'll see a runoff in december. imagine what that will be like if the fate of the senate hangs in the balance. the top two contenders, mary landrieu and bill cassidy know the stakes. and both are sensitive to the economic ups and downs in louisiana, a state where oil and gas reign supreme. >> this is where my dad and i first lived when we moved to lake charles 44 years ago. i had a lot of failures. we didn't have a lot of money. >> reporter: steve jordan is ceo of central crude based in lake
charles, louisiana. >> my wife and i built this house one minute from my work. i've got my barge terminal in the back and oil wells in the front. so i'm happy being an energy producer. >> reporter: his company specializes in transporting crude oil and natural gas. and in an age of new extraction techniques like fracking, business is booming. his 28-year-old son george handles day-to-day operations as the chief operating officer. >> it's because of the success we've had, we now employ over 250 people. and that makes me really proud. >> reporter: one of those is richard johnson. in only two years he's worked his way up from driver to field supervisor. >> this is one of the best jobs i ever had. i work the extra hours, everything, because that's what i love to do. >> reporter: the job also
affords him a comfortable lifestyle. >> it means a lot. you're able to take a vacation to hawaii. you're able to buy a new vehicle every five years. buy a house. you're able to raise your kids. >> reporter: lake charles already has the highest year-to-year growth rate in louisiana. and new facilities are on their way including a new petrol chemical plant and new natural gas terminals. an lsu study projects the creation of 7,800 new jobs over just the next year. all in all a $46.6 billion industrial expansion expected to come. >> it is a tremendously productive, high income earning middle places like lake charles,
builders, plumbers, pipe fitters -- >> reporter: joe mason is professor of economics at louisiana state university. >> very well not just in lake charles but across the u.s. they pay because they involve skills. you can't be a dummy and go into welding or pipe fitting. >> reporter: but there may be dark clouds coming. for one thing, lake charles officials are concerned about new epa ozone regulations set to be proposed in december. >> we're troubled by the impact of epa -- >> reporter: if the new ozone standards become as strict as both epa officials and environmentalists are recommending, natural gas and oil producers could go elsewhere. >> i think the risk is real. >> reporter: bill race is executive director of the port of lake charles. >> if the standards go low enough, then that gives them the pause to think, well, am i doing the right thing by investing my billions of dollars here?
or am i better off investing it in some other part of the world? >> reporter: on top of all of this there's the lack of progress on the keystone xl pipeline. the keystone pipeline planned to bring more crude from canada to gulf coast refineries. more than once the obama administration has prevented or postponed the completion of the pipeline. and its ultimate status is still unresolved today. >> what they decide in washington affects everybody. their decisions they make, like the keystone pipeline, it's going to be all along the gulf coast to be moved. >> reporter: joe duyvval works e river, a 40-foot deep channel linking lake charles to the gulf coast. >> of course, lake charles is a big refining area. and it provides a lot of jobs. >> reporter: the cost in jobs
caused by the delay has become a potent political rallying cry. but environmentalists claim when it comes to such issues, opponents are missing the big picture. >> but the fact of the matter is it is not just an american issue. this is global -- >> reporter: tom stire is a san francisco-based hedge fund manager turned political activist with a mission to change american energy policy. >> as a nation we don't just have to make the changes for ourselves, we have to lead the rest of the world. >> reporter: he has used his own wealth to support a green agenda across the nation. believes the white house is on his side. >> the obama administration has been doing a great job on this for the last year. and they have made it a priority. they're looking at a legacy issue. they're doing hard things in spite of what it might mean politically. >> reporter: professor of lsu thinks these policies might be politically costly if they're attached to democrats in energy states like louisiana. >> there does seem to be this
hostility to oil and gas production per se that doesn'tk. the policy seems to me that they want middle class jobs, just not these middle class jobs. >> reporter: that's why in the louisiana senate race the leading republican, bill cassidy, is trying to tie democrat mary landrieu to barack obama and his environmental policies. and it's why the senator is running away from them. coming up, i sit down with incumbent mary landrieu and leading republican candidate bill cassidy both working hard to prove he or she is the one who will let the good times roll. we got married, we became a family of five. without the time and money to wash all this stuff separately.
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like allison grimes in kentucky, louisiana senator mary landrieu sometimes seems to be running away from washington as much as she's running for it. that's senator landrieu speaking at an oil and gas event at the lake of port charles. >> not only are we creating jobs here for us, we are helping to create a middle class in america. >> reporter: i sat down to talk with her. she's a powerful figure in the senate chairing the committee on energy and natural resources. but she's also been in washington for three terms, so how can she claim to have
nothing to do with the unpopular regulations that worry so many local energy-related businesses? what do you say to critics who say maybe you haven't done enough in that seat? >> because of the seniority and the clout that i have, i am a strong supporter of energy infrastructure, a strong supporter of domestic energy production. in fact, my bill was the bill that opened up 8.3 million acres of free land, the first land we've opened up for drilling offshore. >> they've ticked down no votes on the senate floor on keystone xl pipeline. no hearings on ozone regulations that folks here in lake charles would think that do real damage to the industry. and not one single piece of legislation, critics say, voted on the senate floor come out of your committee. i guess the question is do you have a problem getting energy sector priorities past senator reid or the obama administration? >> first of all, there's a problem with your list.
it's not our committee, it's apw committee. the other issue with keystone pipeline, i've actually raised the support of keystone pipeline from three democrats to 11 and did everything i could to get a vote on the floor of the senate. well, it's because i'm not running the senate. harry reid and mitch mcconnell are running the senate. i promise you if i were running the senate we would have had a vote. >> reporter: her leading republican opponent, bill cassidy, thinks that's the problem. >> she's been ineffectual as chair of the energy committee. the only thing she's gotten through are president obama's appointees. >> reporter: even though she says the things that support the industry and she is chair of the senate energy and natural resources committee. you say that's not enough. >> she said her top priority was getting a senate floor vote on keystone xl pipeline. she was unable to do that. but she's also said her first vote will be for senator harry reid's re-election as senate majority leader. why would you make your first vote for him as opposed to
voting for someone favoring our state? >> reporter: even if she hasn't gotten every vote she wanted, landrieu's influence has won her some real successes. in addition to opening up more area for drilling, she also helped get one of the few export terminals for liquefied natural gas through washington's regulatory maze. >> i helped walk the permit through when the country was, we're not sure, we're not sure, i said what do you mean you're not sure? >> reporter: the plant construction on the river about an hour away from lake charles employs 4,000 workers. when up and running, it will employ 600. >> why would the people of louisiana give up this energy gavel right at the time when we've got the power to design an energy policy for this country that recognizes the blessing of natural gas, there's a bridge fuel to the future. we're proud -- i am proud of the oil and gas industry and their accomplishments. but we also want to move to alternative cleaner energy where we can. >> reporter: and as she notes even if her opponents don't like
her record, at least she has one. >> my critics don't have much to run on themselves, which is why we're spending a lot of time talking about me. >> reporter: cassidy meanwhile claims senator landrieu's most notable trait is overwhelming allegiance to per party. >> senator landrieu supports barack obama 97% of the time. the president has an aus tillty to the energy industry. and senator landrieu supports him 97% of the time. why would you support so faithfully someone who is so hostile to our economy? >> reporter: central crude chief steve jordan, wlo we met earlier, has heard both candidates advocate for the energy industry. but when it comes to his vote, the incumbent, senator landrieu, has an inescapable liability. >> i do appreciate what she has advocated for the industry, unfortunately she just has a very bad bed made that she's chosen to get in bed with named
harry reid. and that's just really a to have alba tros to have around your neck just like president obama. >> we talked to a lot of folks here, and they like you. they know you. but you're going up against senator reid and obama administration that is against what they're fighting for. >> it really isn't this election about who's in the white house or who's majority or minority leader of the senate. it's about who's the senator from louisiana that can continue to deliver for this state. people want a senator that will fight for them. >> reporter: the latest polls show a tight race that could head to a runoff in december, if no one wins 50% of the vote, a distinct possibility, there will be a runoff december 6th. and the entire country could wait an extra month to find out which candidates go into washington. i'm over the hill. my body doesn't work the way it used to. past my prime? i'm a victim of a slowing metabolism?
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comcast business. built for business. as we just saw, lake charles seems to be a boom town. but it's not the only one. in fact, one town that's been doing quite well in the past few years, property values are going through the roof, is washington, d.c. and the thriving center is arguably k street, the backbone of the lobbying industry. >> it's the center of the financial crisis and in the stimulus, everybody has moved to washington because that's where their source of funds is. >> other cities produce cars or coal or computers, but washington has a more intangible product. >> oregon is selling oil and gags, washington is selling
policy, it's very clear when you visit washington, the business that's going on, when you listen to conversations over lunch, it is involved in the sale of policy. >> ultimately the sale of policy can devolve into crummy capitalism. >> the question is, how do you know when things have gone too far. when had we moved from sensible legislation to raw favoritism, from rational supervision to smothering regulation. there are plenty of people who think we have already gone too far. >> the regulation industry is a drag on economic growth, it's a drag on u.s. jobs and product at this time. we can continue to expand this, but it's not going to do anything good for our economy or
our country. >> professor mason isn't alone when he says -- there are powerful people who disagree. >> this is a pro business agenda. this is a pro economic growth agenda. but many americans beg to differ, a recent fox news poll suggests that by a wide 56 by 38% margin, the public isn't buying it. but there's one thing that everyone does agree on, this midterm election, will be a referendum on the president and his party's economic policies and we have there from an author tative source. >> i'm not on the ballot this election, but make no mistake, my policies are. >> the nation's capital is thriving, yet this boom turn has
a higher degree of income and equality, than any state in the union. >> i spent plenty of time in washington, i amazes me every time that you have this homelessness right at capitol hill. >> who knows, maybe the protesters we saw earlier in san francisco will consider a trip east. maybe they'll occupy k-street. the senate is often called the world's greatest deliberative body. but right now, it's we the people who are doing the deliberating. across the nation, citizens are about to decide not only which candidate should win, but also which party should control the u.s. senate and there's no question, economic issues are much on their minds, because americans know that decisions made here in the halls of congress, for better or worse, can add to or subtract from our payday. to maybe we can look at november
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